<p>A luxury tax on the sale of new high-end autos and boats also applies&nbsp;to&nbsp;new&nbsp;general aviation&nbsp;aircraft&nbsp;in Canada or those imported and is scheduled to go into effect Jan. 1, 2022. The tax on aircraft is&nbsp;calculated at the lesser of 20 percent of the value above the&nbsp;threshold&nbsp;of&nbsp;$100,000&nbsp;or 10 percent of the full value of the aircraft, whichever is lesser. “New” aircraft are defined as those manufactured beginning in 2019. The Canadian Business Aviation Association, the Canadian Owners and Pilots Association, and other trade groups&nbsp;have been&nbsp;trying to&nbsp;either get&nbsp;the rule&nbsp;to apply to a much greater threshold and to&nbsp;delay&nbsp;its effective date.</p>


Canada: Luxury Tax

2024 Corporate Aviation Leadership Summit

Canada: Luxury Tax

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